Nambawan Super Limited (NSL) is proud to announce that its Chief Financial Officer, Mr. Pochon Lili, is currently representing Papua New Guinea at the International Forum of Accounting Standard Setters (IFASS) meeting in Melbourne, Australia, from 28 – 30 April 2026.
The IFASS is a vital independent forum that brings together national accounting standard setters from around the world to discuss the future of global corporate reporting. This important meeting is significant to the global financial landscape, fostering dialogue on the development and implementation of reporting standards alongside key global bodies, including the International Accounting Standards Board (IASB), the International Sustainability Standards Board (ISSB), and the International Public Sector Accounting Standards Board (IPSASB). Key focus areas for the April 2026 session include the implementation of climate-related sustainability disclosures, the evolution of financial reporting for risk mitigation, and global interoperability between major reporting frameworks.
A Milestone for Papua New Guinea
This meeting marks a historic milestone as the very first time Papua New Guinea has been formally represented at an IFASS gathering. The inclusion of PNG in this international dialogue is a significant recognition of the nation’s growing professional standing and commitment to global financial excellence. Being invited to participate alongside global leaders reflects the international community's acknowledgement of PNG’s progress in aligning its accounting practices with world-class standards.
Leadership and Member Assurance
Mr. Lili attends this forum in his capacity as a member and Vice President of the Executive Committee of CPA PNG and a Member of the Accounting Standards Board of PNG. His involvement at this level of global standard-setting speaks to the high calibre of talent within Nambawan Super’s leadership team.
"Mr. Lili’s presence at IFASS demonstrates Nambawan Super’s commitment to staying at the forefront of global financial governance," stated Lachlan Baird, CEO of Nambawan Super Limited. "For our more than 245,000 Members, this provides significant assurance that their retirement savings are managed by experts who are directly involved in shaping the very standards that ensure transparency, accountability, and integrity in financial reporting."
Speaking from the forum in Melbourne, Mr. Lili emphasised the impact of these standards on everyday Papua New Guineans: "Adhering to rigorous global financial standards is not just a technical requirement; it is the foundation of trust. For our Members, these standards ensure that their hard-earned savings are recorded, managed, and protected with the highest level of accuracy and transparency, providing them the peace of mind they deserve for their future."
By participating in these global discussions, Nambawan Super ensures it remains well-aligned with international best practices, further reinforcing the security and professional oversight of the Fund's assets.
